credit reports

[ACE2M]

i just checked my credit report for the first time and find that loads of poker companies and bookies do a search on your account for money laundering!! surely this can't be good for my credit rating?

[lazaroonie]

depends what type of search it is.

mostly they will be 'unrecorded" so are not known to any potential lenders.

[ACE2M]

i have 3 like this 'Search Purpose:Money Laundering ' and 1 like this 'Search Purpose:Identification Product (Non Credit) ' no mention of unrecorded.

[lazaroonie]

where are you searching, equifax or experian ?

doesnt really matter anyway, people searching your file for the purposes of credit application will only see searches made by other credit companies.

[ACE2M]

callcredit

[lazaroonie]

callcredit

surprised it has any information on it at all.... not many companies use cc for searches or recording of account information.

[ACE2M]

so they are toss then?

[lazaroonie]

so they are toss then?

i would seem that more companies are using them to report information to (although still less than the "big two"), but not many use them when you apply for credit.

experian is probably the widest used.

[ACE2M]

ok, cheers laz